Lichen International Limited (NASDAQ:LICN – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 137,660 shares, a decline of 51.0% from the July 30th total of 280,714 shares. Based on an average daily trading volume, of 83,519 shares, the days-to-cover ratio is currently 1.6 days. Currently, 22.9% of the shares of the company are sold short.
Lichen International Price Performance
NASDAQ:LICN traded up $0.03 during mid-day trading on Monday, hitting $1.23. 19,497 shares of the company’s stock traded hands, compared to its average volume of 455,411. The firm has a 50 day moving average of $1.26 and a two-hundred day moving average of $2.87. Lichen International has a 12 month low of $0.70 and a 12 month high of $9.49.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on LICN. Wall Street Zen upgraded shares of Lichen International from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings lowered shares of Lichen International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
About Lichen International
Lichen China Limited, together with its subsidiaries, operates as an investment holding company, provides financial and taxation, education support, and software and maintenance services in the People's Republic of China and internationally. The company offers financial and taxation related management consultation, internal control management consultation, annual or regular consultation, and internal training and general consultation services; and education support services, including marketing, operational, and technical support, as well as sells teaching and learning materials.
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